The move comes a week after the strategic bidder filed suit to stop Hertzs deal to buy Dollar Thrifty go forward.
VCL 12 is the first public transaction to be issued under the new German securitization standard established by True Sale International (TSI).
Auto parts maker expects to exit bankruptcy by Oct. 1.
Visteon, a Van Buren Township, Mich.-based auto parts maker that filed for Chapter 11 protection in May 2009, has obtained a $700 million exit facility, according to sources.
Lake Forest, Ill.-based Tenneco plans to issue $225 million in junk bonds to finance a tender offer, it said Thursday. The deal will likely price in a drive-by offering.
The U.S. Department of Transportation this week issued guidance on how state and local governments should apply for $600 million for projects under a competitive discretionary grant program.
Investors snap up securitized products to earn extra yield; Huxleys Castro sees value in bonds pooling novel collateral.
Storied European firm Rothschild seeks a beachhead in the North American deal market. Its selling points? A global network and discreet advice.
Robert "Steve" Miller has been associated with workouts of some of Detroit's biggest corporate mishaps, but now he is shifting gears and focusing on small businesses owned by MidOcean Partners, a New York private-equity firm.
Middle-market investment bank teams up with an industry analyst in hopes of snaring more transaction advisory work.